RE:Good news ?Ofwood wrote: On January 19th, THC BioMed announced the sale of a strata unit at its Acland Road location in Kelowna, B.C., realizing a substantial transaction value of $490,000 in Canadian dollars.
THC BioMed has now paid the audit fees and is waiting for confirmation from the auditor regarding the possible timing for the completion and filing of the Annual Filings.
https://webfiles.thecse.com/THC_January_Monthly_Progress_Report_03325910x9DEBD.PDF
Typical of JM, you notice he says "substantial transaction fee" which isn't the same thing as "substantial profit". So did he make money buy selling for $490,000? Or maybe the better question is, does anyone care?
Reading between the lines, it sounds like the company needed to money to pay the auditor for their annual report / filing, and it's the lateness of filing the required report which is why the CSE has halted trading in the stock.
JM and what's her name, the CFO, must be awfully busy with the other projects that they cant even produce the required paper work on time. When was the laat time this company had an AGM? 3 years ago? Aren't publicly traded companies supposed to have an annual meeting "annually" ?? LOL.